Taboola.com Ltd. reports developments in performance advertising technology for advertisers, publishers, original equipment manufacturers and apps across the open web. Its recurring news includes financial results, guidance commentary, share repurchase activity, investor conference participation and product updates for Realize, the company’s advertising platform for performance campaigns beyond search and social.
Company updates also cover AI-driven advertising and publisher tools, including Realize+ and DeeperDive, a generative AI answer engine embedded on publisher websites. Taboola’s announcements frequently reference publisher and OEM relationships, audience and monetization tools, first-party data, specialized algorithms and advertiser outcomes across digital media properties.
Taboola and Yahoo have formed a 30-year exclusive commercial agreement that allows Taboola to power native advertising across all Yahoo properties, reaching nearly 900 million monthly active users. This strategic partnership aims to enhance Yahoo's growth and innovation under new leadership and ownership. Yahoo will become the largest shareholder in Taboola, holding nearly 25% of its equity, and will gain a seat on Taboola's board of directors. The agreement is expected to significantly boost Taboola's revenue, EBITDA, and free cash flow.
Taboola (Nasdaq: TBLA) has announced a partnership with BuzzFeed, Inc. to enhance audience engagement and monetization. Through this collaboration, BuzzFeed will integrate the Taboola Feed within its platforms, including BuzzFeed News and HuffPost, offering personalized content to its readers. The partnership aims to improve user experience while exploring additional opportunities like Taboola News and Taboola Newsroom. BuzzFeed reaches 2.4 billion monthly content views, indicating significant potential for increased engagement and revenue.
Taboola (Nasdaq: TBLA) announced its Q3 2022 financial results, exceeding guidance for revenues, gross profit, and adjusted EBITDA. The company reported a gross profit of $102.7M and a GAAP net loss of $26.0M. Non-GAAP net income was $10.2M, and adjusted EBITDA reached $24.2M. For FY 2022, Taboola anticipates $17-25M in free cash flow, despite lowering its full-year ex-TAC gross profit guidance by 6% to $564-576M. The company's outlook remains cautious due to industry softness.
Taboola (Nasdaq: TBLA) has expanded its Header Bidding service, originally launched in April 2022, to enhance revenue opportunities for publishers. This service utilizes Taboola's advanced AI technology and first-party data, connecting advertisers with over 500 million daily active users across a vast network of publishers. With more than 15,000 direct advertisers, Taboola aims to scale this new offering to its 9,000+ long-term publisher partnerships, driving increased monetization and creating a healthier display marketplace.
Taboola (Nasdaq: TBLA) will announce its third quarter 2022 financial results on November 9, 2022, at 7:30 a.m. ET. A conference call and webcast will follow at 8:30 a.m. ET, accessible via the Investor Relations page of Taboola's website. The company, a leader in recommendations for the open web, powers monetization and user engagement for over 15,000 advertisers, reaching more than 500 million daily active users. Following the acquisition of Connexity, Taboola leads in e-commerce recommendations, driving over 1 million monthly transactions.
iMedia Brands announced a renewed six-year partnership with Taboola for advertising and content recommendations, effective October 1, 2022. This agreement marks a decade of collaboration, enhancing iMedia Digital Services’ (iMDS) offerings across various platforms, including the integration of Taboola Feed for personalized content delivery and Taboola Newsroom for editorial insights. iMDS serves clients like Centurylink and ShopHQ, reaching over 200 million U.S. users monthly. Both companies emphasized their commitment to innovating in digital advertising to drive engagement and revenue.
Taboola (Nasdaq: TBLA) has announced a cost restructuring program aimed at focusing on three key areas: performance advertising, e-Commerce, and header bidding. The company expects to reduce operating expenses by $50M in 2023, with cost savings achieved through a 6% workforce reduction and cuts in discretionary expenses ($23M) and capital expenditures ($15M). Taboola reaffirms its Q3 guidance, anticipating over $152M in Adjusted EBITDA for FY 2022 despite ongoing macroeconomic challenges.
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Taboola (Nasdaq: TBLA) has announced significant growth in its Taboola News offering, expecting to generate over $50M in revenue for 2022. The service integrates with mobile device manufacturers, delivering personalized content on lockscreens and via notifications across 80 markets. It aims to provide trustworthy news sources while combating misinformation prevalent on platforms like TikTok. With a projected half a billion visits to the open web in 2022, Taboola News is set to enhance user engagement and strengthen relationships with top publishers.
Taboola (Nasdaq: TBLA) announced strong Q2 2022 results, exceeding guidance across all metrics. Gross Profit reached $116.4M, up 16.1% year-over-year, while ex-TAC Gross Profit grew 22.5%. The company's GAAP Net Loss narrowed to $5.0M, a significant improvement from $61.4M in Q2 2021. Non-GAAP metrics showed a 31.2% decrease in Net Income at $15.8M. Taboola maintains its guidance for 2022, focusing on profitability and strategic investments. Growth drivers include new publisher partnerships and the successful launch of products like Taboola News.